Brown Financial Advisory Sells 4,000 Shares of Sensient Technologies Corporation $SXT

Key Points

• Brown Financial Advisory reduced its stake in Sensient Technologies by 37.8% in Q2, selling 4,000 shares, leaving them with 6,579 shares valued at approximately $648,000.
• Sensient Technologies reported Q2 earnings of $0.94 per share, which exceeded analysts' expectations of $0.88, along with a quarterly revenue of $414.23 million.
• The company declared a quarterly dividend of $0.41 per share, reflecting a 1.7% dividend yield, with a payout ratio of 51.74%.

Brown Financial Advisory cut its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 37.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,579 shares of the specialty chemicals company's stock after selling 4,000 shares during the quarter. Sensient Technologies comprises approximately 0.4% of Brown Financial Advisory's portfolio, making the stock its 23rd biggest position. Brown Financial Advisory's holdings in Sensient Technologies were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Congress Asset Management Co. increased its holdings in Sensient Technologies by 2.3% in the 2nd quarter. Congress Asset Management Co. now owns 686,737 shares of the specialty chemicals company's stock worth $67,657,000 after buying an additional 15,181 shares in the last quarter. Armistice Capital LLC increased its holdings in Sensient Technologies by 57.1% in the 1st quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company's stock worth $40,924,000 after buying an additional 199,827 shares in the last quarter. Nuveen LLC bought a new stake in Sensient Technologies in the 1st quarter worth about $24,434,000. Gamco Investors INC. ET AL increased its holdings in Sensient Technologies by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 315,561 shares of the specialty chemicals company's stock worth $23,487,000 after buying an additional 2,299 shares in the last quarter. Finally, Robeco Schweiz AG increased its holdings in Sensient Technologies by 48.7% in the 1st quarter. Robeco Schweiz AG now owns 235,372 shares of the specialty chemicals company's stock worth $17,519,000 after buying an additional 77,043 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Trading Up 1.8%

Sensient Technologies stock opened at $95.27 on Wednesday. The business has a 50-day simple moving average of $106.17 and a two-hundred day simple moving average of $98.50. The company has a market cap of $4.05 billion, a P/E ratio of 30.05 and a beta of 0.56. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. During the same period in the previous year, the company posted $0.77 EPS. The business's quarterly revenue was up 2.7% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 4th. Sensient Technologies's payout ratio is presently 51.74%.

Analyst Upgrades and Downgrades

SXT has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Weiss Ratings restated a "buy (b-)" rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.

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